Girish Associates
GIRISH H.T.- Advocate
30 Years Exp
General Power of Attorney (Show More)
Bangalore , Banashankari III Stage
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Overview
Where the principal authorises the Attorney to do certain general acts on his behalf. The word "General" here means that the power must be general regarding the subject matter and not general with regard to powers in respect of a subject matter.
Either you can give a GPA for all your properties, banking transactions, tax matters, registration, legal disputes and court matters etc. Or you can give a general power to any one category like only for all property matters or only for all Banking processes etc. This type of Power is very wide and has lot of risk if the Attorney is not a trustworthy person.
General Power of Attorney is executed by a person in favour of another to act on behalf of him generally. It may include management of property, Court matter/litigations, sale of mortgage of property or any other act.
A person who has attained majority may execute power of attorney in favour of another person who has attained majority including family members like brother, sister, father and mother to act on his behalf. If a power of attorney is executed to sell property in favour of relatives other than those mentioned above, 2 percent stamp duty shall be paid on market value of such property.
If a power of attorney is executed in favour of developers, Builders of apartment, 4 percent stamp duty shall be paid on market value of such property. (see article 5(f) & 41(a), 41(ea), Schedule to Karnataka Stamp Act 1957).
a.GPA automatically gets cancelled on the death of Executant.
b. Principal (Executant) may cancel it any time.
If the Power of attorney is executed for consideration in respect of property it cannot be unilaterally revoked, prejudicial to the interest of the agent (See Sec.202 of Indian Contract Act, 1872).
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Name : GIRISH H.T.- Advocate
Law Firm Name : Girish Associates
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 1995
About Your Firm : I am Legal Adviser for (1)Bank of Maharashtra, (2)Corporation Bank, (3)Central Bank of India, (4)Canara Bank, (5)Can Fin Homes Limited, (6)DHFL Vysya Housing Finance Ltd., and (7)Surabhi Souharda Credit Co-Operative Ltd. Ours is a Law Firm, where a team of Advocates deal with all types of cases in Civil, Criminal, Corporate Law, Taxation, Intellectual Property Rights, Patents, Trademarks etc. We provide all types of services under one shelter for our clients. Cases handled in Civil Court, High Court, Appellate Tribunals. I have dealt with Labor Disputes, Motor Vehicle Accidents, Insurance, Arbitration Proceedings, various cases in Banking matters, DRT, DRAT, matters pertaining to SARFAESI Act, Negotiable Instruments Act, Recovery suits, Property Disputes, Business Litigation, Family Disputes and Co-Operative matters. Non Litigation : Apart from above banks, as a team, I have assisted in providing Legal Opinions for State Bank of India, India Bulls, IDBI Bank, Axis Bank, Shriram Housing Finance Ltd., Union Bank of India and Central Bank of India.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Girish.H.T. | KARNATAKA | |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
| Prakash | Yateesh Kumar | Nagaraj |
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